Richardson Wealth embraces fiduciary excellence

First wealth management firm in Canada to earn Centre for Fiduciary Excellence Certification for our Separately Managed and Portfolio Management Account platforms.

At Richardson Wealth, we aspire to achieve the highest standards of integrity, transparency and best practices in managing the wealth of our clients. There has never been a time in the financial industry where wealth management firms must work more diligently to earn clients’ trust. Countries such as Great Britain, Australia and the U.S. are proactively pursuing fiduciary standards of care. Richardson Wealth has taken a leadership position in Canada in this regard, and signaled to the industry its commitment in setting standards and best practices for the firm while providing clients with a true strategic partner and fiduciary.

What is a fiduciary

The word 'fiduciary' comes from the Latin word 'fiducia' meaning 'trust'. It refers to a person (or a business such as a bank or an Investment Advisory firm) who has the power and obligation to act for another under circumstances that require total trust, good faith and honesty.

Characteristically, the fiduciary has greater knowledge and expertise about the matters being handled. A fiduciary is held to the highest standards of conduct and trust. They must avoid self-dealing or situations in which the potential benefit to the fiduciary is in conflict with what is best for the person who placed trust in them.

Richardson Wealth – setting the standard for excellence

This esteemed annual certification program ensures that Richardson Wealth’s Portfolio Management Account platform for those advisors who have complete control over investment decisions for their clients and the firm’s Separately Managed Account platform conform to the global fiduciary standards of excellence. Richardson Wealth is the first Canadian firm to achieve designation for our Separately Managed and Portfolio Management Account platforms.

By undertaking a voluntary certification by the Centre for Fiduciary Excellence (CEFEX) as Richardson Wealth has done, and having an ongoing, independent, third-party, rigorous assessment process to audit our practices, clients can feel confident that the trust they are placing in our firm is warranted.

Protecting your family wealth

You’ve worked hard to build your family’s wealth — and protecting it is just as important. At Richardson Wealth, we understand that safeguarding your assets is essential to preserving your legacy and ensuring long-term financial security. That’s why our advisors bring deep experience, sound judgement and a multi-generational perspective to every client relationship.

With offices across the country, we’re committed to asset safety at every level. We follow corporate governance best practices and adhere to the stringent rules and regulations set by our regulatory bodies: Canadian Investment Regulatory Organization (CIRO) and Canadian Investor Protection Fund (CIPF). Your assets are held in custody with Fidelity Clearing Canada ULC, our full-service carrying broker, providing additional strength and security.

Regulatory oversight and protection.

Richardson Wealth is a member of the Canadian Investment Regulatory Organization (CIRO), which sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets. CIRO carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

Richardson Wealth is also a member of the Canadian Investor Protection Fund (CIPF). CIPF was created by the investment industry so that your assets, within defined limits (including cash, securities and certain other property), are protected in the case of a Member firm insolvency.